HDFC prepares ground for HDB Fin Services IPO | Editorji
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HDFC prepares ground for HDB Fin Services IPO

Jun 27, 2019 13:30 IST

HDFC Bank plans to sell shares in HDB Financial Services , it’s non-bank finance unit, in a deal that may raise about ₹10,000 crore or $1.4 billion. The Bank has reportedly picked Bank of America and Morgan Stanley to manage the issue. The credit profile of HDB Financial has remained strong unlike other shadow lenders and expectations are it will get a strong valuation.

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